ANNOUNCEMENT 25 Oct 2011In October 2011, the government of South Africa announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Exchange Control Circular No. 15/2011, South African Reserve Bank, 25 October 2011.
On 25 October 2011, the South African Reserve Bank published a circular in relation to a liberalisation of the country's foreign exchange policy.
The Exchange Control Circular No. 15/2011 'Improving access and competition in cross-border money remittances' announces the abolition of ownership restrictions on foreign participation in Authorised Dealers in foreign exchange with limited authority.